Breast Pump Market size was valued at USD 2.77 Bn. in 2022 and the total Breast Pump revenue is expected to grow at a CAGR of 10.5% from 2023 to 2029, reaching nearly USD 5.58 Bn.
Market Overview:
The Breast Pump market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Breast Pump Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market size in the relevant area or nation. The market estimations are based on the sale price, excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders.
Drivers:
Because of things like limited breastfeeding, the mother’s passing soon after giving birth, and hormonal imbalance, a newborn cannot get enough mother’s milk. A human milk bank is the greatest choice in any of the aforementioned scenarios because a baby’s mother’s milk is essential to its health and nutrition. In wealthy countries, there are more and more human milk banks that offer mothers who are unable to produce milk important support. Nevertheless, prior to providing milk to a newborn, it is important to take into account high sanitation and pasteurization.
Segmentation:
Based on technology, the electric pumps category accounted for the biggest market share in 2022 and is anticipated to expand at a CAGR of 8.5% over the course of the forecast period. Through plastic tubing, a motor in an electric breast pump drives suction to a horn that fits over the nipple. It provides far more suction, which speeds up pumping and enables simultaneous pumping of both breasts. Electric pumps are popular among working mothers because they can extract more milk in less time.
by Product
• Closed system
• Open system
by Technology
• Manual
• Battery powered
• Electric
by Application
• Personal use
• Hospital grade
Key Players:
Primary and secondary research is used to identify market leaders. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Breast Pump market are as follows:
• Ameda AG
• Bailey Medical
• Medela AG
• Philips
• Hygeia Health
• Lansinoh Laboratories
• Buettner Frank GmbH
• Linco Baby Merchandise Works Co., Ltd.
• Whittlestone, Inc.
• Koninklijke Philips N.V.
• Pigeon Corporation
• Acewin Co, Ltd
• Albert Hohlkörper GmBH & Co Kg
• Ardo Medical, Inc
• Babybelle Asia Limited
• Bailey Medical Engineering
• Motif Medical
• Chiaro Technology Limited (Elvie)
• Willow Innovations, Inc.
• Spectra Baby USA
• Mayborn Group
• Handi-Craft Company
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Regional Analysis:
The Breast Pump market analysis regional overview covers individual market influencing components and changes in market laws impacting current and future market trends. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Breast Pump Market:
From January 2020 to May 2020, end-user industries where Breast Pump are utilized saw a drop in growth in a number of countries due to a halt in operations caused by COVID-19. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Breast Pump manufacturers, harming the Breast Pump market’s growth in 2020. Lockdowns and an increase in COVID-19 occurrences led to a decrease in end-user business demand for Breast Pump.
Key Questions Answered in the Breast Pump Market Report:
• What are the key factors influencing Breast Pump market growth?
• In 2023, which segment accounted for the most share of the Breast Pump market?
• What will be the CAGR of the Breast Pump market during the forecast period (2023-2029)?
• In the Breast Pump market, which region has the most market share?
• What is the competitive landscape of the Breast Pump market?
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